ProShares Trust - ProShares Ultra Communication Services

ProShares Trust - ProShares Ultra Communication Services is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across communication services sectors. It uses derivatives such as swaps to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track 2x the daily performance of the S&P Communication Services Select Sector Index, by using full replication technique. ProShares Trust - ProShares Ultra Communication Services was formed on March 25, 2008 and is domiciled in the United States.